Answer
False.
Work Step by Step
If you spent 1% of your $50,000 salary, you would have spent 500, not 5,000.
.01 x 50,000 = 500.
Thinking Mathematically (6th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0321867327
ISBN 13:
978-0-32186-732-2
Chapter 8 - Personal Finance - 8.1 Percent, Sales Tax and Discounts - Concept and Vocabulary Check - Page 495: 10
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